Not Only TRUMP: Wallets Associated with MELANIA Coin Liquidate Substantial Shares Amid 98.4% Price Plunge

The group managing the second meme coin tied to America's First Family, MELANIA, have been selling a significant amount of the token over recent months. Lookonchain's on-chain data reveals that they've sold over 8% of the total MELANIA supply, amounting to over $35 million from 44 wallets. The MELANIA coin has experienced a severe price drop, with its value declining by 98.4% in just a few months.

This sell-off trend mirrors that of the TRUMP token, which has also seen large portions being disposed of by associated wallets. A notable instance occurred just before the US initiated a missile attack on Iran, causing the entire crypto market, including the TRUMP meme coin, to plummet.